Tenaris SA Overview
Company Headquarters: Texas, US
Founded: 2002
Workforce: ~23,472
Company Working: Tenaris S.A. is one of the leading manufacturers and suppliers of steel pipe products and other related services in the energy industry. Additionally, the company also provides products that cater to other industrial applications such as cleaning, maintenance, handling of by-products, and construction services. The company operates through two business segments, namely, tubes and others. It supplies OCTG under the tubes segment, which also includes services related to the oil & gas industry such as production and sales of welded and seamless steel tubular products. Furthermore, the principal products offered by the company include tubing, casing, line pipes, and mechanical & structural pipes.
Tenaris S.A has its manufacturing facilities in several countries across the world, including the US, Mexico, Canada, Argentina, Romania, Kazakhstan, Indonesia, Belgium, Italy, Denmark, and China. It has services centers across the US, Canada, Mexico, Argentina, Norway, Qatar, and Australia. The company has R&D centers in Mexico, Argentina, Japan, and Italy. Algoma Tubes Inc. (Canada), Dalmine S.P.A (Italy), Nkktubes (Japan), Tubos De Acero De Mexico, S.A (Mexico), Tenaris Bay City (US), and Tenaris Connections BV (Netherlands) are some of its subsidiaries
Strategy
Tenaris S.A. is focused on expanding its business by exploring new regions and enhancing its product portfolio. The company strategically showcases its products in global exhibitions regularly to gain a larger customer base. For instance, in February 2019, it exhibited its ‘Rig Direct’ product at the Egypt Petroleum Show in Egypt. In addition to this, the company is also focused on acquisitions to become a prominent player in the competitive global market. For instance, in January 2019, the company acquired 47.79% shares in Saudi steel pipe company (Saudi Arabia) worth USD 141 million to expand its business in the Middle East
